Still small in Japan: DC looking for a boost a decade on
Mutual funds sold to Japan’s 4,000 DC pension plans still account for only a small percentage of asset managers’ business a decade after they were launched. But the numbers could yet get a boost from 1...
View Article200 bn yen missing from pension accounts 1: How it happened
On 24 February Japan’s Financial Services Agency ordered AIJ Investment Advisors to cease operations for one month while it investigates “possible losses” of around 200 billion yen* from the accounts...
View ArticleMinistry blows smoke around AIJ, looks to defend its turf
This Wednesday an “expert panel” on the AIJ affair set up by the Ministry of Health, Labor & Welfare (MoHLW), will hear a recommendation from the MoHLW that the type of pension fund which made most...
View ArticleGold wins place in Okayama Prefecture pensions portfolio
“Okayama Metal & Machinery has become the first Japanese pension fund to make public purchases of gold” reports the Financial Times. The move will put 1.5% of the scheme’s 40 billion yen of assets...
View ArticleUnlikely ever to be more than 16,000 corporate pension funds
Japan had 15,556 officially recognised defined-benefit company pension plans at the fiscal year end on 31 March 2012 – the first time the country has known how many job-based schemes it has since they...
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